TRUMP tokens have been rising rapidly in the last 24 hours, from about US$ 1.8 to close to US$ 3.68, increasing by over 60 per cent a day. The rebound also repositioned its market value to about $750 million, with a marked increase in the deal with futures markets.

According to the article, this round did not respond to a single new fundamentals, more like a return to the risk bias, with the re-direction of funds to the concentration of highly volatile currencies. TRUMP is a highly volatile meme currency, and when market sentiment improves, prices are usually more likely to be more volatile.

Prices go into a closed area.

In terms of movement, TRUMP had previously rebounded from 1.40 to 1.90 United States dollars, then breached the range of 2.30 to 2.40 United States dollars and at one point went up to $3.68. As prices continue to rise, they are now entering the $2.90 to $3.50 intensive trade zone, which is likely to increase.

It is also mentioned that between $3.10 and $3.20 is considered to be a short-line critical resistance position. If prices can stabilize this area, the next top focus will turn to the range of $3.40 to $3.50 and up to $4.00 to $4.30. On the contrary, if blocked in the vicinity of $3.10 to $3.20, the price could fall to $2.30 to $2.40, which has become the first important support area.

Unstack contract synchronized up

Derivative data also reflect that this round is not driven solely by empty silos. According to the article, the TRUMP unsettled contract had risen to approximately $17.77 million, which was at the stage indicated in the chart. Prices rise at the same time as unsettled contracts, usually implying new slots to market.

However, the financial rate remained at around -0.022 per cent, indicating that after the price hike, the empty space had not completely disappeared. If prices continue to rise, this segment may be forced to flatten and thus continue to push up the purchase; but if the leverage levels rise, the retreat may be magnified if the kinetic energy decreases.

Short-line focus on a few locations

  • 3.10 to $3.20: current first critical resistance area
  • 3.40 to US$ 3.50: next intensive trade area above
  • 2.30 to 2.40 United States dollars: the first critical support to emerge from a breakthrough

Overall, the increase has significantly improved the short-line movement of the TRUMP, but the shift from a surge to a sustained rebound will depend on the price being maintained above the resistance zone and the continued expansion of the high leverage position in the derivatives market.